secwatch.observer — SEC 8-K summary
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Issuer:     Essential Utilities, Inc. (WTRG)
CIK:        0000078128
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001552781-24-000484
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Essential Utilities enters $1B at-the-market equity facility; prior 2022 ATM terminated
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- Entered sales agreements with 10 agents to sell up to $1B of common stock at-the-market.
- Prior October 2022 ATM agreements were terminated in connection with this new facility.
- May also use forward sale agreements with banks to hedge share sales; no immediate proceeds from those.
- Net proceeds from any sales will fund acquisitions, capex, working capital, or debt repayment.
- Sales agents receive 1% commission on gross proceeds from shares sold through them.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78128/000155278124000484/0001552781-24-000484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78128/000155278124000484/e24343_wtrg-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000484

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